Traditionally, the most common way of financing ships has been through debt and equity financing. However, over the past decade, ship leasing has become a very significant competitor and alternative for the provision of finance for the acquisition of s…
New world of ship sale and leaseback Read More »
It’s enough to have industry observers scratching their heads in wonder. In the face of continued economic uncertainty, a delicate geopolitical situation, and a crippling global pandemic – all with obvious widespread international trade implications – …
Ships’ recycling market has returned to higher ground, with demand for tonnage in healthy levels. In its latest weekly report, shipbroker Allied Shipbroking said that “the ship recycling market seems to be holding its positive tone as of late, given th…
Demolition Market Heating Up Read More »
On Monday 2 November – it will be 500 days since the last VLCC left active service when it went on its final journey from Jeddah to Bangladesh for dismantling. Strong crude oil tanker market earnings from August 2019 through July 2020 have evaporated a…
500 days since last VLCC demolition sale Read More »
In March and April 2020, reduced demand for crude oil and petroleum products in response to COVID-19 mitigation efforts led to a sharp increase in global crude oil inventories. As onshore inventories increased, market participants turned to using oil t…
Crude oil tanker rates are likely to remain low until global petroleum demand increases Read More »